Google Cloud Partners With Coinbase to Accept Crypto Payments, Drive Web3 Innovation
Google Cloud has announced a partnership with Coinbase to drive Web3 innovation that includes using the crypto exchange to accept cryptocurrency payments. “We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers,” said Coinbase CEO Brian Armstrong. Google Cloud Partners With Coinbase
Alphabet Inc.’s Google Cloud and the Nasdaq-listed crypto exchange Coinbase announced Tuesday “a new, long-term strategic partnership to better serve the growing Web3 ecosystem and its developers.”
Under the agreement, Coinbase will use Google Cloud to build its advanced exchange, grow data services, and process blockchain data at scale. The exchange will also leverage Google’s fiber-optic network to enhance the global reach of its crypto services.
In addition, Coinbase will build its global data platform on Google Cloud’s infrastructure and leverage the internet giant’s data and analytics technologies to provide Coinbase customers with machine learning-driven crypto insights, the announcement details, elaborating: As part of the partnership, Google Cloud is positioned to enable select customers, starting with those in the Web3 ecosystem, to pay for its cloud services via select cryptocurrencies.
Moreover, Google’s Bigquery crypto public datasets will be powered by Coinbase Cloud Nodes, across leading blockchains, accessible to Web3 developers.
Coinbase CEO Brian Armstrong commented: “We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers … With more than 100 million verified users and 14,500 institutional clients, Coinbase has spent more than a decade building industry-leading products on top of blockchain technology.”
Google Cloud CEO Thomas Kurian opined: “We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal.”
The announcement further notes: Google will use Coinbase Prime, for institutional crypto services, like secure custody and reporting. Tags in this story Coinbase, coinbase web3, google accepts crypto, Google Cloud, Google Cloud Coinbase, Google Cloud Coinbase partner, Google Cloud crypto, Google Cloud cryptocurrency, Google Cloud web3
What do you think about Google Cloud partnering with Coinbase? Let us know in the comments section below. Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Spanish Crypto ATM Company Bitbase Eyes European and Latam Expansion EXCHANGES | 1 day ago Binance Licensed in Kazakhstan as Provider of Crypto Exchange and Custody Services EXCHANGES | 4 days ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash Next articleUS Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto